On Thursday, December 15th, the Federal Housing Finance Agency (FHFA) released its 2017 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac, and Common Securitization Solutions. The scorecard calls on them to continue to transfer a significant portion of the risk on newly originated residential mortgages; they must also transfer risk on at least 80 percent of multifamily loans.

"The goals and initiatives contemplated in the scorecard strike what we believe is an appropriate balance between ensuring that these entities operate in a safe and sound manner while continuing to ensure that the housing finance market remains liquid and supports housing access for homeowners and renters," said FHFA Director Mel Watt in the press release.

FHFA also expects the GSEs to continue to evaluate credit risk transfer feedback received as a result of the October 2016 Request for Input to which SFIG and a group of trade associations responded.